Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rocket Companies Inc shares valued at $4,385 were purchased by Rizik Matthew on Jun 28 ’24. At $13.79 per share, Rizik Matthew acquired 318 shares. The insider’s holdings grew to 707,528 shares worth approximately $13.34 million following the completion of this transaction.
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Also, Rizik Matthew purchased 316 shares, netting a total of over 4,361 in proceeds. Following the buying of shares at $13.80 each, the insider now holds 707,210 shares.
Before that, Rizik Matthew had added 310 shares to its account. In a trade valued at $4,343, the Director bought Rocket Companies Inc shares for $14.01 each. Upon closing the transaction, the insider’s holdings increased to 310 shares, worth approximately $13.32 million.
As published in a research note from Keefe Bruyette on August 05, 2024, Rocket Companies Inc [RKT] has been rated up from an Underperform to a Mkt perform. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid January. As of January 10, 2024, Deutsche Bank has initiated its “Hold” rating for RKT. Earlier on January 04, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for RKT stock which previously was a “a Neutral”.
Analyzing RKT Stock Performance
During the last five days, there has been a drop of approximately -2.53%. Over the course of the year, Rocket Companies Inc shares have jumped approximately 30.18%. Shares of the company reached a 52-week high of $21.38 on 09/18/24 and a 52-week low of $10.87 on 02/21/24. A 50-day SMA is recorded $18.67, while a 200-day SMA reached $14.58. Nevertheless, trading volume fell to 3.35 million shares from 2.3 million shares the previous day.
Support And Resistance Levels for Rocket Companies Inc (RKT)
According to the 24-hour chart, there is a support level at 18.46, which, if violated, would cause prices to drop to 18.07. In the upper region, resistance lies at 19.20. The next price resistance is at 19.54. RSI (Relative Strength Index) is 47.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 85.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
